HNB wins Daraz award for Card Base with Highest Growth

HNB has been recognised by Daraz for exceptional contribution to its growth, in an independent endorsement of Sri Lanka’s leading private bank’s commitment to expand e-commerce and digital payments throughout the country.

Asia Asset Finance PLC was in a successful drive of raising Rs. 2 billion during the last quarter (Q2) 2021/22

Asia Asset Finance PLC has successfully raised Rs. 1 Billion recently for the last quarter from the market through a listed debenture issue, further consolidating its stellar financial performance during the present challenging and volatile situation. This is the second successful Debenture Issue by the company.

NDB conducts Investor Earnings Call on 3Q21 financial results

National Development Bank PLC hosted the bank’s quarterly on-line Investor Earnings Call to discuss the bank’s financial results, subsequent to the release of its financial results for the nine months ended 30 September 2021.

ComBank flags off festive shopping season with bonanza

The Commercial Bank of Ceylon is igniting festive cheer by offering discounts of up to 50 percent for its credit and debit card holders at more than 3500 merchant outlets islandwide.

Amana Bank wins Gold for Entity of the Year at SLIBFI Awards

Amana Bank was awarded the ‘Entity of the Year’ accolade for the third consecutive year at the recently concluded SLIBFI Awards 2021.

HNB Assurance and HNB General Insurance relocate Bandarawela branch

HNB Assurance PLC (HNBA) and its fully owned subsidiary, HNB General Insurance Limited (HNBGI) announced the relocation of its Bandarawela branch recently.

BOC Laggala branch moves to own premises

BOC relocated its Laggala branch to their new premises in New Town, Laggala recently.

HNB partners Swadeshi to launch exclusive gift scheme for newborns

HNB PLC, partnered with local herbal cosmetics manufacturer Swadeshi Industrial Works PLC’s baby brand Kohomba Baby to offer new parents exciting gifts on the happy occasion of the birth of their baby.

Seylan Bank among top ten in country’s first ever ‘Women Friendly Workplace Awards 2021’

Seylan Bank was recently Sri Lanka’s first ever Women Friendly Workplace Awards 2021 (WFWP), pioneered jointly by the Satyn Magazine and Chartered Institute of Management Accountants (CIMA) Sri Lanka.

Amana Bank wins Gold for Entity of the Year at SLIBFI Awards

Amana Bank was awarded the coveted Entity of the Year accolade for the third consecutive year, at the recently concluded SLIBFI Awards 2021.

Vallibel Finance records robust earnings for first half

Despite the pandemic-induced economic challenges, Vallibel Finance PLC ended the first half of the 2021/22 financial year on a strong note, reflecting an upsurge in gross income by as much as 22.8 percent to reach Rs.5.4 billion, in comparison to Rs.4.4 billion achieved in the first half of 2020/21.

Ceylinco Life launches policy to support continued education of children

An insurance plan designed exclusively for the purpose of ensuring the continued education of children has been launched by Ceylinco Life in response to one of society’s most pressing concerns. Ceylinco Life ‘Education Protector’ enables a parent to, with just a single one-time premium payment, secure the future education prospects of a child in the event of his or her inability to do so, due to death or total and permanent disability. Conceptual

People’s Bank credit and debit cards bring amazing offers this holiday season

People’s Bank has announced amazing discounts and offers during this holiday season for People’s credit and debit card holders.

LOLC General Insurance inks MoU with Access Motors

LOLC General Insurance Limited (LOLC GI), one of the fastest-growing general insurance companies in Sri Lanka, recently signed a memorandum of understanding (MOU) with Body Shop by Access Motors.

NTB takes digitalisation to next level with Smart Statements

Nations Trust Bank (NTB) takes the next step of its digitalisation journey, introducing NTB Smart Statements in line with the bank’s vision of providing financial information conveniently.

LCB Finance ready to expand branch network up to 12 after successful IPO

LCB Finance is ready to expand the network up to 12 branches before the end of this year, with Kuliyapitiya, Akuressa, Deiyadara and Tangalle.

HNB Finance looks to recalibrate portfolio away from micro-lending

HNB Finance PLC returned to a profit in the three months to September 2021, as the company is rebalancing its portfolio to reduce the reliance it has on micro-lending after the pandemic intensified the challenges it had with its biggest portfolio, after the collections became more difficult.

SDF enters stock market with over 5,000 Sarvodaya societies islandwide

Sarvodaya Development Finance (SDF) is set to enhance the standing of over 5,000 Sarvodaya societies islandwide with its Rs.1 billion initial public offering (IPO) opening tomorrow (November 23).

DFCC Bank signs MoU with JAT Living to offer exclusive home loan solutions

DFCC Bank, the premier commercial bank in Sri Lanka, announced the signing of a memorandum of understanding (MoU) with JAT Living to offer an exclusive home loan scheme to customers that purchase properties at ‘146 Residencies’, an enchanting residential neighbourhood in Thalawathugoda, developed and owned by JAT Living.

People’s Merchant Finance launches Navodhaya entrepreneurship loan scheme to support MSMEs

People’s Merchant Finance PLC (PMF), aligned to its new turnaround strategy and to continue its vision of catering to the diverse financial needs of all Sri Lankans, launched the Navodhaya entrepreneurship loan scheme recently, taking a responsible approach by holding hands with MSME entrepreneurs to empower them to scale up their enterprises.

ComBank’s automated credit card on-boarding system wins SLASSCOM award

Commercial Bank of Ceylon, a leader in tech-based banking products and services, recently won the Banking and Financial Services Category Award presented by the Sri Lanka Association for Software Services Companies (SLASSCOM) for its case study on robotic process automation (RPA).

Amana Bank Sept. profits soar on higher loans and margins

Amana Bank PLC accelerated growth in loans, resulting in higher interest incomes and profits in the three months to September, as the country’s sole Islamic bank delivered robust financial performance in the period in lockstep with the rest of the industry, which mostly defied the pandemic-induced economic malaise.

EY to hold webinar on CBSL direction 13 and 14 of 2021

The Central Bank of Sri Lanka (CBSL) directions on classification, recognition and measurement of credit facilities and other financial assets will come into effect from January 1, 2022 onwards. It’s paramount for bankers to understand the regulatory expectations in this regard. New directions were introduced with the objective of harmonising the regulatory framework with Sri Lanka Financial Reporting Standards-SLFRS 9 Financial Instruments.

HNB relocates Padukka customer centre

Working to meet the demands of a growing business community in Padukka, Sri Lanka’s leading private sector bank HNB PLC ceremonially opened its recently relocated customer centre at No. 51 Horana Road, Padukka.

SampathCards receives Daraz’s recognition for highest revenue contribution

SampathCards was conferred with the Best Revenue Generating Overall Card Base award by Daraz at the recently concluded Daraz Payment Partner Performance Awards 2021.

Mastercard with Asia Pacific digital currency firms to launch crypto-linked payment cards

In partnership with Mastercard, three leading cryptocurrency service providers in Asia Pacific will be launching crypto-funded Mastercard payment cards.

ComBank remittance customers to win cash prizes via Double Chance promo

Commercial Bank of Ceylon is revving up for the festive season with the launch of Double Chance, a promotion that will offer 24 of its remittance customers the opportunity to double the amount they receive, up to a maximum of Rs.50,000 each.

Dialog’s Genie and Visa continue to enable safe and easy digital payments

Committed to instilling customers with confidence in their digital payments, Dialog’s Genie, Sri Lanka’s first financial marketplace and all-encompassing digital wallet, continues to drive digital payment adoption with Visa, its long-standing partner for credit and debit cards, thereby enabling them with seamless and secure digital transactions.

NDB NEOS surpasses Rs.100bn in transaction value

NDB Bank’s revolutionary digital banking platform NDB NEOS surpassed the milestone of Rs.100 billion in transaction value, with over 100,000 users around the island.

DFCC Bank recognised as one of Top Ten Women Friendly Workplaces in Sri Lanka

DFCC Bank, one of the premier commercial banks in Sri Lanka, through its efforts to create an inclusive and participatory work environment, has been recognised as one of Sri Lanka’s Top 10 Women Friendly Workplaces, at the first-ever Women Friendly Workplace Awards (WFWP Awards) 2021, jointly pioneered by CIMA Sri Lanka and Satynmag.com.